South Korean manufacturer of injection molding machine in China vigorously investment
Machine industry in mainland China to invest heavily in this market, trying to get a place to live in, and find ways to cut costs in neighboring China and the continuous development of the competition.
For example, Jinhwa Glotech Co. Ltd. this year invest dollar of 1 ten million ( 80100000 yuan) will be its Ningbo plant in China the scale expansion to three times, so that it presses the annual production capacity reached 500 units.
Other large enterprises has also taken similar action: LS Cable Ltd. company in November opened in Wuxi in an injection molding machine factory, Woojin Selex Co. Ltd. company in the second half of last year completed its wholly-owned Ningbo plant upgrades, to achieve an annual output of 800 machine.
South Seoul Korea synthetic resin processing machinery industry association ( KPPMIC ) chairman Young Soo Han said, the industry's profits in the multiple pressures, including Chinese production machinery low cost, oil and steel prices and won against the U.S. dollar. Young Soo Han is also a Inchon controller manufacturer HanYoung Nux Co. Ltd., the president of the company.
KPPMIC chief executive Won Jun You said, China 's manufacturing level is increasing, South Korean enterprises should strive to improve their own technology. You still thinks, China is to bring pressure on the cost of Korea, but he said, as the South Korean information technology industry this year prospect seems more optimistic, it is expected that the market will increase.
South Korea has a global IT export enterprises -- the country has the world's three largest TV producer in two, five major mobile phone manufacturers in the two and two of the largest memory chip maker. Official estimates, this year the country's IT exports will have two digit growth.
You says, Korea each year to produce about 10000 sets of injection molding machine. The industry executives say, in China the production cost savings. LS wanju-gun injection overseas marketing team manager Jason You says, to set up factories in China have made labor and other aspects of the economy can make the production cost is reduced 30% produced in South korea.
Woojin companies to Korea Stock Exchange " KOSDAQ " in a document claiming, company expects its China factories profits will increase, and it is expected that the mobile phone and the home appliance market will appear growth.
On behalf of the South Korean enterprise these executives in March 29th to April 2nd in the south of Seoul at the 2006 International Plastics and Rubber Exhibition interview. Most people say they are Chinese investment, production of the major suppliers of Chinese market of low-end machines.
Among them, Jinhwa company will continue its research and development center in South korea. Jinhwa company's overseas sales department general manager Jung -Min Park, a South Korean company factory produced machine, an annual production capacity of 900 to 1000 units, the company is committed to research and higher levels of Technology (such as the motor ), shortening production cycle and engaged in silicone molding. Jinhwa 's corporate headquarters is located in Korea Chungnam national.
He said, in 2003 the company set up in Ningbo, a 8000 square meters of the plant, and this will expand it to three times, achieve 20000 6 more than 1000 square meters, and the number of employees will be increased from 100 to 500.
He says, although in China the production of most machines is to supply the Chinese local market, but last year the company from its Ningbo plant to Vietnam, Indonesia and Russian export machine. He said, this year the company plans to export to Italy machine, the company will to Italy machine maker Sandretto Industrie SPA company supply machine.